A person working in Banking in Shanghai typically earns around 34,500 CNY per month. Salaries range from 10,900 CNY (lowest average) to 70,800 CNY (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|Job Title||Average Salary|
|AML Analyst||52,700 CNY|
|Assistant Bank Branch Manager||45,600 CNY|
|Assistant Bank Manager||59,400 CNY|
|ATM Manager||50,300 CNY|
|ATM Service Technician||13,900 CNY|
|Bank Accounts Analyst||19,400 CNY|
|Bank Accounts Controller||25,500 CNY|
|Bank Accounts Executive||37,900 CNY|
|Bank Accounts Manager||44,000 CNY|
|Bank Auditing Manager||44,800 CNY|
|Bank Branch Manager||62,100 CNY|
|Bank Clerk||10,900 CNY|
|Bank Compliance Specialist||30,000 CNY|
|Bank Manager||68,500 CNY|
|Bank Operational Risk Manager||67,000 CNY|
|Bank Operations Head||69,700 CNY|
|Bank Operations Officer||27,900 CNY|
|Bank Operations Specialist||42,900 CNY|
|Bank Process Manager||37,600 CNY|
|Bank Product Manager||44,500 CNY|
|Bank Programme Manager||49,800 CNY|
|Bank Project Manager||56,000 CNY|
|Bank Propositions Manager||51,400 CNY|
|Bank Quantitative Analyst||35,400 CNY|
|Bank Regional Manager||72,200 CNY|
|Bank Regional Risk Officer||35,300 CNY|
|Bank Relationship Manager||53,000 CNY|
|Bank Relationship Officer||23,400 CNY|
|Banking Business Analyst||36,900 CNY|
|Banking Business Development Officer||21,700 CNY|
|Banking Business Planning Executive||50,500 CNY|
|Banking Product Manager||43,800 CNY|
|Banking Reference Data Manager||41,100 CNY|
|Banking Risk Analyst||34,600 CNY|
|Banking Technical Analyst||20,000 CNY|
|Bankruptcy Coordinator||25,600 CNY|
|Budget Analyst||37,700 CNY|
|Cards Marketing Manager||45,900 CNY|
|Cash Management Manager||60,700 CNY|
|Check Processing Manager||45,000 CNY|
|Commercial Vault Associate||35,200 CNY|
|Corporate Dealer||36,800 CNY|
|Credit Analyst||27,200 CNY|
|Credit and Collections Manager||47,300 CNY|
|Credit Card Fraud Investigator||36,300 CNY|
|Credit Portfolio Manager||66,400 CNY|
|Credit Risk Analyst||42,500 CNY|
|Credit Risk Associate||37,300 CNY|
|Direct Bank Sales Representative||24,900 CNY|
|Financial Bank Planning Consultant||44,800 CNY|
|Financial Banking Analysis Manager||52,000 CNY|
|Financial Banking Assistant||16,900 CNY|
|Financial Banking Systems Manager||48,400 CNY|
|Foreign Exchange Manager||51,900 CNY|
|Fraud Analyst||37,900 CNY|
|Fraud Detection Associate||25,700 CNY|
|Fraud Detection Manager||56,200 CNY|
|Fraud Detection Supervisor||31,100 CNY|
|Internal Bank Audit Manager||65,200 CNY|
|Internal Bank Auditor||34,800 CNY|
|International Banking Manager||73,600 CNY|
|Loan Analyst||34,700 CNY|
|Loan Area Manager||42,500 CNY|
|Loan Audit Team Leader||39,800 CNY|
|Loan Branch Manager||39,500 CNY|
|Loan Business Development Officer||21,300 CNY|
|Loan Clerk||12,500 CNY|
|Loan Collection Manager||42,400 CNY|
|Loan Collector||11,600 CNY|
|Loan Examiner||15,500 CNY|
|Loan Processing Manager||38,400 CNY|
|Loan Processor||16,100 CNY|
|Loan Quality Assurance Auditor||36,200 CNY|
|Loan Quality Assurance Manager||40,300 CNY|
|Loan Quality Assurance Representative||26,900 CNY|
|Loan Review Manager||40,700 CNY|
|Loan Team Leader||36,500 CNY|
|Mortgage Advisor||25,100 CNY|
|Mortgage Collection Manager||42,400 CNY|
|Mortgage Collector||11,900 CNY|
|Mortgage Credit Analyst||19,300 CNY|
|Mortgage Credit Manager||40,700 CNY|
|Mortgage Development Manager||46,800 CNY|
|Mortgage Document Reviewer||16,000 CNY|
|Mortgage Funding Manager||47,500 CNY|
|Mortgage Operations Manager||64,100 CNY|
|Mortgage Payment Processing Clerk||14,200 CNY|
|Mortgage Processing Manager||42,000 CNY|
|Mortgage Processor||16,500 CNY|
|Mortgage Quality Assurance Auditor||36,700 CNY|
|Mortgage Quality Assurance Manager||42,100 CNY|
|Mortgage Servicing Clerk||12,800 CNY|
|Mortgage Servicing Manager||40,800 CNY|
|Mortgage Underwriter||15,800 CNY|
|Online Banking Manager||62,700 CNY|
|Payment Processing Clerk||12,800 CNY|
|Personal Banker||26,600 CNY|
|Personal Banking Advisor||25,900 CNY|
|Phone Banker||17,200 CNY|
|Private Banker||26,200 CNY|
|Reconciliation and Investigation Specialist||30,500 CNY|
|Trade Officer||15,200 CNY|
|Trade Product Manager||43,600 CNY|
|Treasury Operations Officer||30,700 CNY|
Banking salaries in Shanghai range from 10,900 CNY per month (minimum average salary) to 70,800 CNY per month (maximum average salary, actual maximum is higher).
The median salary is 31,700 CNY per month, which means that half (50%) of people working in Banking are earning less than 31,700 CNY while the other half are earning more than 31,700 CNY. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Banking are earning less than 19,200 CNY while 75% of them are earning more than 19,200 CNY. Also from the diagram, 75% of people working in Banking are earning less than 47,100 CNY while 25% are earning more than 47,100 CNY.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
A Master's degree program or any post-graduate program in China costs anywhere from 146,000 Yuan Renminbi(s) to 439,000 Yuan Renminbi(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in China who work in Banking earn 6% more than their female counterparts on average.
Banking professionals in China are likely to observe a salary increase of approximately 11% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in China for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Banking is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
21% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 79% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Banking is 9% more than that of All Jobs.
Where can you get paid more, working for a private company or for the government? Public sector employees in China earn 6% more than their private sector counterparts on average across all sectors.